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Economic Policymaking
Multiple-Choice Quiz

1 .       James Madison and Karl Marx had in common a belief in [Hint]



2 .       The official unemployment rate underestimates unemployment because it leaves out [Hint]



3 .       Our key measure of inflation is called the [Hint]



4 .       Though Carter deemed it the "misery index," economists call the combined unemployment and inflation total [Hint]



5 .       The coalition behind the Republican Party is most likely to be concerned with [Hint]



6 .       According to monetarists, too much money and credit leads to [Hint]



7 .       The financial dealings of the Federal Reserve Board directly or indirectly affect [Hint]



8 .       The impact of the federal budget taxes, spending, and borrowing on the economy describes [Hint]



9 .       An example of a Keynesian economic policy is [Hint]



10 .       Our capitalist system presents a restraint on controlling the economy because [Hint]



11 .       In the 1980s corporate capitalism was characterized by [Hint]



12 .       Americans have always been suspicious of [Hint]



13 .       Antitrust policy is implemented by the [Hint]



14 .       One of the most recent antitrust suits dragged on for years against [Hint]



15 .       The first major consumer protection policy was the [Hint]



16 .       The agency that became a zealous defender of consumer interests in truth in advertising in the 1960s and 1970s was the [Hint]



17 .       Perhaps the biggest change in economic policy-making over the past century has been the virtual 180-degree turn in public policy toward [Hint]



18 .       The National Labor Relations Act [Hint]



19 .       The Taft-Hartley Act [Hint]



20 .       In America, solutions to many of the problems of a free enterprise economy have been achieved through [Hint]



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